2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 02:00Group 1 - The Hong Kong stock market opened higher on August 29, with the consumer sector showing mixed performance, particularly strong gains in food and beverage stocks while daily retail and durable goods consumption declined [1] - The Hong Kong Consumer ETF (159735) opened up 0.24% and fluctuated before rising 0.12% with a trading volume exceeding 13 million, showing a premium trading rate of 0.46% [1] - Notable stocks in the Consumer ETF included Haier Smart Home, which rose over 6%, along with other companies like Shenzhou International, Smoore International, Bosideng, Li Ning, Budweiser APAC, Li Auto-W, and Uni-President China [1] Group 2 - According to a press conference by the State Council Information Office on August 27, China's consumption pattern is shifting towards a balance between goods and service consumption, with upcoming policies aimed at boosting service consumption [2] - Dongguan Securities noted that the increase in broad fiscal spending in China could support consumption and infrastructure policies, which are expected to play a crucial role in stabilizing domestic demand and boosting confidence [2] - GF Securities highlighted that service consumption is likely to become a fundamental direction for China's macro economy, with a shift in consumer preferences towards emotional and quality-driven spending as the Z generation matures [2]